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QUESTION 08 (SHOW YOUR COMPUTATION) 8 points Asia Co.. made a $40,000 sale on account with terms of 1/15, n/30. The gross profit margin is

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QUESTION 08 (SHOW YOUR COMPUTATION) 8 points Asia Co.. made a $40,000 sale on account with terms of 1/15, n/30. The gross profit margin is 30% and the company applies perpetual method. Prepare the journal entry if the company uses the gross method

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